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    602 W 3Rd St Duluth, MN 55806

    For Sale
    $485,000

    5-10 Units, Up & Down - Duluth, MN

    Property size:
    3,800 SF
    Lot size:
    0.22 Acres
    Days on Market:
    27
    Last Refresh:
    Dec 8 at 9:06 pm

    Property Features for 602 W 3Rd St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    7
    Bathrooms
    11
    APN
    010-1250-00010
    Parking
    3
    Parking features
    Driveway, Off Street
    EntryLevel
    1
    Basement Y/N
    1
    Size
    3,800 SF
    Lot size
    0.22 Acres

    Utilities

    Heating system
    Hot Water (Heating), Natural Gas

    Building Details

    Year built
    1900
    Floors in Building
    2
    Number of units
    5
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    RE/MAX Results (952) 829-2900 [email protected]

    Listing agent Trish Kroening (952) 829-2900

    Listing date Nov 12, 2025

    MLS# 6121253 Listing URL

    Copyright © 2025 Lake Superior Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Duluth Multifamily Investment Opportunity

    This five-unit apartment building in Duluth, Minnesota, presents an investment opportunity with a history of long-term tenants and no vacancies in recent years. The property includes a three-stall heated and insulated garage, previously used as a workshop by the prior owner, offering potential for similar use. The basement features separate utilities and coin-operated laundry. The lot size is 0.22 acres and the building size is approximately 3,800 square feet. The property is located in St. Louis County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Duluth
    County
    St. Louis
    State
    Minnesota
    Longitude
    -92.108814
    Latitude
    46.782958

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    FAQs

    What type of property is this?
    Apartment building - Five-unit apartment building with long-term tenants and coin-op laundry.
    Where is this apartment building located?
    The property is located at 602 W 3Rd St Duluth, MN.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: - Long-term tenants with no recent vacancies, ensuring immediate rental income.; - Five-unit (5-plex) building, offering multiple income streams.; - Heated and insulated 3-stall garage, suitable for workshop or additional storage.
    (952) 829-2900
    Request Owner's contact information
    602 W 3Rd St Duluth, MN 55806
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    Duluth, MN 55806
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    602 W 3Rd St Duluth, MN 55806
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